The liquid adhesives market is projected to grow from U.S. $35.8 billion in 2020 to $44.6 billion by 2025, at a CAGR of 4.5%, between 2020 and 2025. This is according to ReportLinker, an award-winning market research solution.
Liquid adhesives offer the benefits of versatility and a low viscosity. The wetting properties of these adhesives enable them to hold the substrate so that molecular contact between the substrate and adhesive is activated.
Currently, the liquid adhesives market depends heavily on the performance of paper, packaging, medical, construction, assembly, as well as other industries. The market of paper, packaging, and related product end-use is expected to hold the largest share during the forecast period.
The growth of this segment can be attributed to the increased use of liquid adhesives in a wide variety of paper bonding applications, ranging from corrugated box construction and the lamination of printed sheets to packaging materials used in all types of consumer products and the production of large industrial tubes and cores.
Based on technology, the liquid adhesives market is segmented into water-based, solvent-based, reactive, and others. Based on the chemistry, the water-based segment is segmented into acrylic polymer emulsion, vinyl acetate-ethylene emulsion, polyvinyl acetate emulsion, styrene-butadiene latex, polyurethane dispersions, and a few others.
The water-based segment is expected to hold the largest share of the overall liquid adhesives market during the forecast period.
The solvent-based segment is classified into synthetic rubber, polyamide, and others.The reactive segment is segmented into polyurethane, epoxy, cyanoacrylate, methyl methacrylate, anaerobic, and silicone.
Reactive liquid adhesive is the fastest growing technology segment in terms of volume and value, due to the increasing demand for high-grade liquid adhesives in the aerospace and automotive industries.
In-depth interviews were conducted for this report with CEOs, marketing directors, technology directors, and executives from various key organizations operating in the liquid adhesives market. Information was also gathered from secondary research to determine and verify the market size of several segments and subsegments.
• By company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By designation: C Level: 35%, D Level – 25%, and Others – 40%
• By region: North America – 45%, Europe – 20%, APAC – 30%, and Rest of the World – 5%
The key companies profiled in this report include Henkel AG, H.B. Fuller, Sika, The 3M Company, Dymax Corporation, and others.